Islamic institutions play pivotal role in financing development plan projects

Kuwait Finance House (KFH) Assistant General Manager (AGM) for Finance Sector Emad Al-Thaqeb stated Islamic banking institutions, including KFH have experience in financing major local and overseas developmental projects. Furthermore, they have strong financial coverage that allows them to meet the financing requirements for the Kuwaiti development plan.
Al-Thaqeb mentioned that the Central Bank of Kuwait took into consideration the requirements of this phase by recommending an increase in the margin of loans in return for deposits at local banks that ranges from 85-100 %.